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Monday, June 12, 2017

DINAR GURUS UPDATE, 12 JUNE

6-12-2017 Newshound/Intel Guru BGG Article quote: "Mosul (IraqiNews.com) Iraqi troops took over a half of the last district held by the Islamic State near the Old City in western Mosul, an Iraqi officer was quoted saying on Sunday." I can't tell you how many calls I field in the last couple of weeks - people asking "but what about Ramadan"? Everyone was worried this would be delayed over the holiday. ...it would appear this answers the concern they wouldn't do any fighting during Ramadan. ...I don't think Ramadan is an issue at all - except that IMHO he wants it done then. I have a sneaky suspicion Abadi wants a Ramadan announcement of complete victory...IMHO.

6-12-2017 Newshound/Intel Guru Mnt Goat ...But there is a caveat to this request from the UN. This caveat is that terrorism must be cleaned out of Iraq. So what does this mean?This means Abadi is targeting way before the end of June to complete ISIS mission and so by this timeframe they can go ahead with lifting these sanctions.I really hate to use any date to pin point an RV timeframe but we are moving in the right direction. Until ISIS is defeated, Iraq controls it’s boarders and Iraq has a very good handle on SECURITY, thus making the country more STABLE, we will not see the project to delete the zeros resume which then leads us to our long anticipated RV. There are only two sources that I am concerned about and what they say and most importantly do. These sources are the Finance Committee of the government of Iraq (GOI) and the Central Bank of Iraq (CBI). The CBI has told us they will keep the citizens fully informed of the process and so far they have kept their word. So let’s hang on and see how this ball gets rolling once ISIS is “fully” defeated AND they tell us this is fact not rumored but FACT. [Post 2 of 2]

6-12-2017 Newshound/Intel Guru Mnt Goat ...my CBI contact told me unless we see the re-education of the process to delete the zeros begin again and the announcement from the CBI that they are going ahead with the project again there will be no lower denominations launched and thus NO significant increase in the value of the dinar. We know that UN Chapter VII financial sanctions from the 2003 war must be lifted “fully” prior to any major move in currency reform. Why would they lift them when the reason for them being placed on Iraq in the first place still exists? Let me tell you with all the corruption with the currency auctions, money laundering and counterfeit currency they are not about to do anything in this regards until Iraqi is rid of terrorism. The prime minister himself made an announcement in late April that the country is working with the IMF to have ALL Chapter VII sanctions lifted in 2 months. Yes - that is now the end of June or just prior. We await this news from the UN. Could it get any better? [post 1 of 2....stay tuned]

6-12-2017 Newshound/Intel Guru BGG [IMHO I THINK WE ARE BEING STRUNG ALONG, A TWEET CAME OUT SAID THAT HUNDREDS OF THOUSANDS OF IRAQI CITIZENS ARE RETURNING HOME. THE GOI AND CBI FOR WHATEVER REASON IS CONTINUING TO DELAY, FIRST ABADI SAID GIVE ME MOSUL AND YOU'LL HAVE ALL THE REFORMS! NOW MOSUL IS NOT ENOUGH HE WANTS ALL OF IRAQ! I JUST PRAY WE HAVE THE REFORMS BY THE END OF JUNE.] Abadi never said such a thing - in fact, he's not in charge of international support and acceptance. The IMF, WB and UN is [are?]. If anyone has anything to say along these lines - it's not Abadi. Nowhere has Abadi said he wants all of Iraq before he institutes monetary and currency reforms. In fact, just last week one article inferred they are already well into the process of monetary reform. These are documented facts.

6-12-2017 Newshound Guru MadDScout Article quote: "The Central Bank of Iraq has started since the beginning of this year to adopt specific benchmarks regarding the participation of banks in the window selling foreign currency (the dollar)," noting that "this comes after what nearly a year of preparation and consultation for the development of such standards as currently drafted..." They have not been "waiting" on Mosul...Back when they told us that the zero's were on hold "But" they were making forward movement on criteria... [...the comment NOT waiting on Mosul...what is that saying?] Although it is important, they are not sitting on their hind end waiting on anything...progress is daily.

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